Property Tax Exemptions

Property tax exemptions reduce the amount of property taxes that a property owner must pay. These exemptions are often granted for specific categories, such as primary residences, senior citizens, disabled individuals, and veterans. By qualifying for an exemption, homeowners can lower their taxable property value, resulting in potential tax savings. Each jurisdiction has its own rules and application processes for these exemptions. Understanding available property tax exemptions can help homeowners manage their taxes more effectively and potentially reduce their financial burden.